Corporate & Commercial

On January 29, 1972, 50 years ago I married the love of my life.  Finding and marrying Carol was the best thing that ever happened to me.  I first saw Carol at a Phi Gamma Delta fraternity party at Penn State in the winter of 1967.  I was a pledge and she had been invited to the frat party because her sister Ellen was pinned to one of my frat brothers.  It wasn’t love at first sight, but I do remember I thought she was the prettiest girl I had ever seen.
We were both freshmen that winter.  Carol dated
Continue Reading My 50th Wedding Anniversary

Question: People frequently ask me why they should hire me, Richard Keyt, an Arizona LLC attorney who has formed 8,200+ AZ LLCs, to form their Arizona limited liability company instead of LegalZoom?
Answer: People should hire me to form their AZ LLC instead of LegalZoom for the following reasons:

  • I’m $245 Cheaper than LegalZoom for Similar Services: As of 1/15/22 my $597 Silver LLC package is $245 cheaper than the $842 LegalZoom charges for its express gold LLC package that provides services similar to our Silver LLC package.  LegalZoom’s statutory agent (aka Registered Agent) Service is $249/year after the


Continue Reading Don’t Pay LegalZoom $245 More than an Arizona LLC Attorney to Form an Arizona LLC?

On January 1, 2022, the following new Arizona laws became effective:

  • The minimum wage is $12.80 per hour, which is an increase from $12.15 per hour.
  • Instead of having four state income tax brackets, Arizona income tax changed to two tax brackets.  The tax rates are 2.55 percent and 2.98 percent.  Single people and married people filing separately pay the lower rate if their taxable income is $27,272 or less or the higher rate if their taxable income exceeds $27,272.  Married people filing jointly pay the lower rate if their income is less than $54,544 or the higher rate if


Continue Reading New Arizona Laws Effective 1/1/22

Calling it a key security issue, the Internal Revenue Service on July 31, 2021, urged entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information.
IRS regulations require EIN holders to update responsible party information within 60 days of any change by filing Form 8822-B, Change of Address or Responsible Party – Business. It is critical that the IRS have accurate information in cases of identity theft or other fraud issues related to EINs or business accounts.
The data around the “responsible parties” for business-type entities
Continue Reading Businesses with an EIN Must Notify IRS of Changes with Respect to Responsible Parties

On June 29, 2021, the Arizona Corporation Commission added new features to its online service.  These new features are called “owners” and “authorized filers.”

  • Owner.  The owner of an account for an LLC, PLLC or corporation created on the ACC’s online website is the person whose user name and password was used to login to the ACC’s website and who then formed the LLC, PLLC or corporation.  Only companies created online after May 21, 2018, have owners.  Companies created by filing paper forms do not have owners.  ACC staff can add an owner to a company if the company does


Continue Reading Arizona Corporation Commission Creates Authorized Filers

On January 1, 2021, a new federal law called the Corporate Transparency Act (CTA) became law.  The CTA requires almost all LLCs,  PLLCs, for profit corporations, limited partnerships and other entities created by filing a document with a state to file a report with the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury that discloses information about the entity, its beneficial owners and the person who filed the entity’s formation document with its formation state.
Warning: If you are an owner of a U.S. company you need to read the article on our Corporate Transparency Act website to learn
Continue Reading Your Company Must File a Report with FinCen or Be Fined $500/Day

Question: People frequently ask me why they should hire me, Richard Keyt, to form their Arizona limited liability company instead of LegalZoom?
Answer: People should hire me to form their AZ LLC instead of LegalZoom for the following major reasons:

  • I’m Cheaper than LegalZoom: As of 5/9/21 my $597 Silver LLC package is $86 cheaper than LegalZoom’s express gold LLC package with similar services that costs $842.

  • I’ll Form Your LLC a Minimum of Ten Days Before LegalZoom:  I form new LLCs and get them approved by the Arizona Corporation Commission the same day you approve your LLC formation


Continue Reading Should You Pay LegalZoom More than an Arizona LLC Attorney to Form an Arizona LLC?

 
Weinberger Law Newsletter – February 2021
Time to Address Your Legal Affairs Again

Even though the COVID-19 pandemic is not anywhere nearly over, of late, we have been seeing our clients easing up on their own restrictions and beginning to focus again on getting on top of their legal affairs. During 2020, many legal issues, particularly those pertaining to disputes between business partners and contracts, were – for the most part – allowed to fester.
Now though, we are seeing much more proactivity, and clients are no longer allowing business toothaches to turn into root canals, so to speak.
Continue Reading Weinberger Law Newsletter – February 2021

 
I Have Been Served with a Lawsuit – What do I do Now?The Definitive Steps You Should Take
 
Being served with a lawsuit is a jarring experience, especially if you have not been involved in litigation before.  Maybe you were expecting the lawsuit, maybe you were not, but in either case, the experience can be very intimidating and make you feel as though you are on your heels i.e., on the defensive before the lawsuit even gets going.  When you have  been served with a lawsuit, there are definitive steps that you can and should take right away
Continue Reading I Have Been Served with a Lawsuit – What do I do Now?

I don’t usually insert reviews I get into a blog post, but yesterday I got a very nice review I want to share with you.  Here is the review:

If you are ready to start your LLC, this is the office you need to call. The process is so streamlined, the people are so knowledgeable & kind, & they work INCREDIBLY fast. I was absolutely shocked at how quickly things were done & could not be more pleased. The reasonable fees up front are well worth the potential liability avoided in the future. The items completed for my business
Continue Reading We Got Another Nice Review

 
Weinberger Law Newsletter – January 2021
“The Times They Are A-Changin’” Peter Paul and Mary, 1964

Wow, how true is this almost 60 years later?  Our communications, interactions, safety, faith, and lives – literally everything seems to have changed.  We at Weinberger Law came to realize that we must change too, in the way we deliver and charge for our services, and in the ways we can meet our clients’ needs effectively and economically.  This month, therefore, we unveil Fractional General Counsel. It’s an innovative, cutting-edge program designed to provide day-to-day, on-call legal services to small and medium-sized businesses that are not
Continue Reading Weinberger Law Newsletter – January 2021

FOR IMMEDIATE RELEASEJanuary 26, 2021
 
 
 
Local Law Firm Offers Creative and Affordable Option for Business Legal Services
Scottsdale, Arizona – January 26, 2021 – Every business needs a team of professionals to effectively operate and make a profit. A good business team includes ready access to legal counsel. For those businesses that can afford to do so, an in-house general counsel is often the answer. However, this solution is not feasible for most small companies and especially start-ups, who may often take unwise legal risks or gambles solely to avoid expensive legal fees that would squeeze their budgets.
Continue Reading Local Law Firm Offers Creative and Affordable Option for Business Legal Services

The IRS’ online EIN wizard that issues employer identification numbers after a 5 – 10 minute data entry session will be down for maintenance.  This service will be unavailable from approximately 5 p.m. Eastern time on Wednesday, December 23, 2020, until approximately 7 a.m. Eastern time on Monday, January 4, 2021, due to planned maintenance.
The post IRS’ Online EIN Wizard Down for Maintenance Until 1/4/21 appeared first on Arizona LLC Law.
Continue Reading IRS’ Online EIN Wizard Down for Maintenance Until 1/4/21

 
Weinberger Law Newsletter – December 2020
Time of Honest Reflection  

December is a month of transition and taking stock. We shift from one year to another, and often, from an existing set of resolutions to an updated one. We review and assess, too, the previous 12 months – how we performed and how we showed up for others – and of where we hope and plan to do better in the coming year. We invite you to virtually join us in this time of honest reflection, as we contemplate how to better serve you in 2021.
Happy Holidays from
Continue Reading Weinberger Law Newsletter – December 2020

If a member of an Arizona LLC dies and the member did not take action to protect the member’s loved one(s) bad things will happen.  The failure to plan for death creates the following problems:
1. The membership interest of the deceased member may not be inherited by the person or people the deceased member would want to inherit the membership interest.
2. A person who inherits the membership interest of a deceased member of a multi-member LLC will not be a member of the LLC.  Instead, the heir will acquire only an economic interest in the LLC, which means
Continue Reading 3 Ways Your Loved One Will Be Harmed If You Own an LLC & Do Not Prepare for Death